Former Multicoin Co-Founder Kyle Samani Says Firm Is Working Against Solana Builders

Former Multicoin Capital co-founder Kyle Samani criticized the venture firm’s latest policy stance on U.S. prediction market regulation, saying it runs counter to the interests of developers building on the Solana blockchain.

Samani’s comments followed a joint filing by Multicoin Capital and the Hyperliquid Policy Center urging that the U.S. Commodity Futures Trading Commission (CFTC) serve as the sole federal regulator of exchange-traded prediction markets. The filing also called for clearer rules and greater transparency in the approval of prediction market contracts.

In a public statement, Samani said Solana developers should recognize that Multicoin is “working against everything you are building.”

Samani stepped back from managing Multicoin in February 2026 but remains an active advocate for the Solana ecosystem.

Source: Kyle Samani